Financial Pulse: Sanctions Expose US Dollar Vulnerability but Dominance Set to Continue
For the past century the US dollar has enjoyed unrivalled supremacy in global trade and finance. But the war in Ukraine and subsequent imposition of sanctions on Russia – the so-called “weaponization of finance” – has drawn attention to this dominance. It has also given pause for thought to those who would look for an alternative to the present regime. But in spite of major incentives for some countries to diversify away from the greenback, there remains a lack of credible alternatives.
- Why the US dollar dominates
- Why the US dollar reserves share is in decline
- US dollar set to retain primacy in financial markets